0000910472-13-000536 Sample Contracts

NORTHERN LIGHTS VARIABLE TRUST FORM OF OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT COMMERCE ASSET MANAGEMENT, LLC
And Security Agreement • February 20th, 2013 • Northern Lights Variable Trust • New York

THIS OPERATING EXPENSES LIMITATION AND SECURITY AGREEMENT (the “Agreement”) is effective as of the 6th day of February, 2013, by and between NORTHERN LIGHTS VARIABLE TRUST, a Delaware statutory trust (the “Trust”), on behalf of CAM Hedge VIT Fund (the “Fund”) a series of the Trust, and the Advisor of the Fund, Commerce Asset Management, LLC (the “Advisor”).

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FORM OF INVESTMENT ADVISORY AGREEMENT Between NORTHERN LIGHTS VARIABLE TRUST and COMMERCE ASSET MANAGEMENT, LLC
Northern Lights Variable Trust • February 20th, 2013 • New York

AGREEMENT, made as of February 6, 2013 between Northern Lights Variable Trust, a Delaware statutory trust (the "Trust"), and Commerce Asset Management, LLC, a limited liability company organized and existing unde the laws of the State of Tennessee (the "Adviser") located at 5050 Poplar Avenue, Memphis, TN 38157.

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